Real Estate Investing in Morven, North Carolina (28119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28119 (Morven, NC)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.3% of homes vacant — above national norms.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morven, NC (28119)?
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Market Analysis: 28119 Morven
The 28119 ZIP comes in at an impressive value-add profile — below-median pricing at $102K, a renter base of 33%, and room for operational improvement.
In 28119, the deal is made on the buy and on the capex. impressive entry prices of $102K leave room in the budget for light-to-medium renovation, with rent lift to match.
In Anson County, 28119 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
The 28119 ZIP's demographic trend has been one of stability with upside — population of 2,454, steady renter share, and an incoming cohort that is willing to pay for improved units.
Experienced operators with contractor networks find 28119 worth a close look for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Morven:
Property Strategy for 28119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $85,308 | $1,340 | 11.3% | +11.5% | $42,654 |
| 3BR | $124,766 | $1,610 | 9.3% | +7.4% | $41,589 |
Market Trends
Home Value History (with trend line)
📊 How Does 28119 Compare?
| Metric | 28119 | Morven | North Carolina |
|---|---|---|---|
| Home Value | $102,422 | $102,422 | $330,565 |
| 5-Year CAGR | 1.9% | 1.9% | 7.8% |
| Avg Rent | $1,206 | $1,206 | - |
| Cap Rate | 9.2% | 9.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28119 (Morven, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $102,422 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 7.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.1% |
| Cap Rate | 9.2% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -4.8% ▼ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28119
Population: 2,454
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28119
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 546 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Morven, NC?
Homes in Morven, NC typically sell near $102K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is Morven, NC suited for a house hack?
Morven, NC offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,206/mo rent level.
Does buy-rehab-rent-refinance work in Morven, NC?
BRRRR in Morven, NC is a strong. The interplay of $102K values and $1,206/mo rents creates reasonable refinance conditions.
Is Morven, NC a good place for real estate investing?
Morven, NC scores 4.0/5 for investability. Home values sit at $102K and rents near $1,206/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does the 1% rule work in Morven, NC?
The 1% rule in Morven, NC is reasonable to achieve. Rent-to-price at the median ($1,206/mo on $102K) lands around 1.18%.
You know 28119 now. You don’t know where it ranks.
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How 28119 ranks in Charlotte-Concord-Gastonia, NC-SC
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